SGIE 2024/25 launch; Muslim women on the move; halal retail finds space

Assalamualaikum,

Alhamdulillah, the State of the Global Islamic Economy (SGIE) Report 2024/25 was officially launched on July 8 in Jakarta. Now in its 11th edition, the report highlights deepening halal trade ties between BRICS and OIC countries, with founding BRICS members among the top exporters of halal meat, wheat, and modest fashion to Muslim markets. As Indonesia makes its debut as a BRICS member, the report also raises urgent questions around ethical sourcing, sustainability, and how Muslim economies can move from consumers to value-added producers.

In parallel, as the global halal economy evolves, two powerful trends emerge: more inclusive travel experiences for Muslim women and stronger halal visibility in Western retail markets. This week, we spotlight how travel providers are beginning to respond to the unique needs of Muslim women by offering safer, more personalised journeys that blend faith, leisure, and agency. From solo trips to wellness retreats, Muslim women are increasingly shaping the future of faith-aligned travel.

Meanwhile, in the UK, halal-labeled products are becoming more prominent across mainstream supermarkets. But as demand rises, so do concerns around standardisation and transparency. What does this mean for Muslim consumers and the companies serving them?

State of the Global Islamic Economy (SGIE) Report 2024/25

The 11th edition of the State of the Global Islamic Economy (2024/25) Report highlights $2.43 trillion in spending across six key sectors in 2023—halal food, cosmetics, pharmaceuticals, Muslim-friendly travel, modest fashion, and Islamic media—driven by faith-aligned, ethical consumption trends worldwide.

Why it matters?

• Stay ahead of key trends shaping the Islamic Economy

• Gain actionable insights to drive growth

• Hear directly from global industry leaders

• Be among the first to explore this year’s findings